Firstsource Q3 profit falls 33% QoQ; revenue, margins rise; dividend declared

Q3 sees ₹91.35-crore one-time expense from new labour codes; further impact possible after rule finalisation, says company

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Firstsource Solutions Limited reported a net profit of ₹120 crore for Q3, down 33% from ₹179.5 crore in the previous quarter. However, its revenue grew 6.6% to ₹2,467 crore from ₹2,314.6 crore QoQ.

EBIT increased 17.3% to ₹315.6 crore from ₹269.1 crore while the EBIT margin expanded to 12.8% compared with 11.6% in the previous quarter.

The company said it booked a one-time ₹91.35-crore expense in Q3 due to India’s new labour codes, with further impact possible once the rules are finalised.

Firstsource declared an interim dividend of ₹5.50 per share (55%) for FY2025-26, with a record date of February 20, 2026.

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The Nomination and Remuneration Committee of Firstsource Solutions Limited approved the grant of 9,43,000 stock options under the Employee Stock Option Plan 2019 to eligible employees of the company and its subsidiaries.

Shares of Firstsource Solutions Ltd closed at ₹309.40, up ₹4.50 or 1.48% on February 3.